Acorn Country Capital Ltd (05893782): administration
- Status
- In administration
- Administration began
- 2023-06-08
- Administrators
- John Pearson
- Administrators' firm
- Xeinadin
- Formerly
- Carver Knowles Limited; UK Farm & Asset Finance Limited
- Incorporated
- 2006-08-01
- Location
- Sutton Coldfield
- Industry
- 64929 Other credit granting n.e.c.
From the administrators' statement
Creditors should note that, the Director of the Company has failed to co-operate with the Administrator to the extent of not answering correspondence including details of creditors, a company history, books and records and the provision of a Statement of Affairs. Accordingly, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the holder of the qualifying floating charge and not from my personal knowledge or the Director.
It is understood that the company acted, in effect, as a “broker” in the provision of farm finance, primarily for the Appointor and the holder of the floating charge being J Gleek Properties Ltd (“the Appointer’”).
The Appointer advises that they held a number of secured loans arranged by the Company and all have been satisfactorily dealt with apart from one, where according to the Appointer, the Director of the company has failed to co-operate with them. Accordingly, having taken their own legal advice they decided to put the Company into Administration in order to realise the one debt that remains outstanding which is secured upon land owned by a borrower(s) and it is understood that it is in a “negative equity” situation. Unfortunately, due to the Directors failure to co-operate, no details of the Company’s recent trading performance are available.
Administrators' statement of proposals (2023-09-18) · Companies House register